Author: NBTC
Pakistan’s plans for a central bank digital currency (CBDC) gained fresh momentum on Sunday, with finance minister Muhammad Aurangzeb raising the debate again. At the World Economic Forum (WEF) special meeting in Riyadh, Aurangzeb highlighted the nation’s undocumented economy as its biggest hurdle, local outlet World Echo reported. He revealed that Pakistan’s annual revenue stands at Rs. 9.4 trillion ($33.7b), but about half of its economy is not officially recorded. He also acknowledged the struggle for financial inclusion, particularly for women facing issues like cash theft by family members. He highlighted government assistance programs for women in Pakistan, but also…
Bitcoin is about to snap a seven-month winning streak due to several factors, including a slowdown in demand for spot ETFs. According to Fairlead Strategies, Bitcoin’s dominance rate has risen past a critical level, signaling further upside. Bitcoin (BTC) appears on track to end a seven-month winning streak. Still, the largest token by market value is likely to become more dominant in the crypto market, according to one analyst. As of the time of writing, bitcoin changed hands at $63,200, representing an 11% monthly loss, the first since August 2023, according to data source CoinDesk and TradingView. The CoinDesk 20…
In a groundbreaking move for the decentralized finance (DeFi) space, dWallet Network has announced its integration with Monad, the leading EVM-compatible Layer 1 blockchain. This collaboration marks a significant milestone in the evolution of DeFi, introducing native multi-chain capabilities to Monad’s ecosystem and revolutionizing the way developers build on the platform. dWallet Network serves as the infrastructure for programmable native Bitcoin, providing developers with innovative tools to enhance DeFi applications. By supporting Monad, dWallet Network enables developers within the ecosystem to leverage non-collusive and massively decentralized building blocks, unlocking new possibilities for multi-chain DeFi. Keone Hon, Co-Founder and CEO of…
Millions of dollars have been spent on rare mementos from Bitcoin’s past — with some auctions for NFTs breaking records. Bitcoin’s now a teenager — and that means there’s a growing appetite for memorabilia from the cryptocurrency’s early days. It’s like when an unsealed, first-generation iPod hits the market. Bidders go absolutely berserk and end up paying $29,000 for sentimental value. Here, we’re going to look at five of the biggest (and craziest) crypto-related auctions of all time. Janet Yellen in 2017 | Source: Bloomberg 1. The ‘Buy Bitcoin’ sign Being a digital asset, there aren’t all that many tangible…
As Sam Bankman-Fried was sentenced to 25 years in prison, meme coin enthusiasts placed their bets on a knock-off FTX meme coin humorously named Sam Baseman Fraud. On Thursday, Judge Lewis Kaplan sentenced the disgraced FTX founder to a total of 300 months in prison on several counts of fraud, money laundering, and attempted witness tampering. One developer saw the news as the perfect opportunity to cash in on the buzz. You might also like: FTX founder Sam Bankman-Fried sentenced to 25 years in prison An anonymous developer launched Sam Baseman Fraud just a few hours before Bankman-Fried’s sentencing on…
European Union member states are gearing up to enforce MiCA, the landmark crypto law that requires national regulators to license and supervise service providers. MiCA is an EU-level regulation but nations can implement slightly different technical standards, which crypto firms should follow closely, policy watchers say. The European Union’s 27 member states are getting ready to enforce its landmark crypto laws this year – and businesses looking to operate in the bloc should be watching what national authorities are doing, policy watchers say. In a few months, the Markets in Crypto Asset (MiCA) regulation’s specialized rules for stablecoin issuers will…
Seasoned trader Peter Brandt believes there’s a one in four chance that Bitcoin (BTC) will top out at $160,000 this cycle. Brandt tells his 724,700 followers on the social media platform X that he expects the current Bitcoin bull market to endure until Q4 of 2025. “Note that I assigned a 25% probability to my analysis. I give more credence to a report I issued in February. Here is a chart from that analysis – projecting a bull market until Sep/Oct 2025.” Source: Peter Brandt/X Based on the trader’s chart, he seems to suggest that it took BTC 525 days…
In a recent episode of the SlateCast, Akiba and Nate welcomed Sunny Aggarwal, the founder of Osmosis, for an insightful discussion about the Cosmos ecosystem, the rise of hyperbitcoinization, and the future of DeFi. Hyperbitcoinization and the Role of Cosmos Sunny expressed his long-standing vision of building the app layer for Bitcoin, a goal that motivated his involvement with Cosmos from the very beginning. He explained: “Seven years ago, 2017, I thought we’re building for Bitcoin. How is this helping Bitcoin? And so that’s when I started working on Cosmos as this is how we build the app layer for…
Data shows Binance’s NFT marketplace wasn’t really a popular destination for Ordinals anyway — with traders now fixated on Runes instead. Binance’s decision to scrap support for Ordinals in April raised eyebrows among Bitcoin enthusiasts. The embattled exchange, which has been fighting legal battles on multiple fronts in recent months, said the move was designed to “streamline” its product offering. It went on to warn anyone who holds Bitcoin NFTs to move them somewhere else so they could continue to be eligible for airdrops. This marks quite a sudden U-turn from Binance, which is the biggest crypto platform in terms…
The well-known crypto influencer, Eric Wall, has raised thoughtful criticisms over the new hyped artificial intelligence (AI) cryptocurrency, Bittensor (TAO). Its community, however, surged in disapproval. On March 29, Eric Wall made a long post on X (formerly Twitter) explaining how Bittensor’s AI system works. The influencer mentioned TAO’s “spectacular uselessness” through the different subnets and their mining mechanisms that reward miners with the token. Using the ‘Subnet 1’ for text prompts as an example, Wall highlights a “redundant” work. In his explanation, all miners will run the “exact same task,” and will validate each other outputs according to their…